McAfee sale could be windfall for new CFO
McAfee Inc.'s relatively new chief financial officer, Jonathan Chadwick, could be in line for a major windfall from thousands of stock awards he was granted just two weeks before Intel Corp. bought the company.
The Wall Street Journal reported that Chadwick was granted 97,500 performance-based stock units and 125,000 restricted stock units as part of his overall compensation package on August 6 when the stock closed at $32.55.
Intel (NASDAQ:INTC) this week said it will pay $48 a share for McAfee (NYSE:MFE) saving account payday loan.
Chadwick joined McAfee as CFO on June 14 after a number of years at Cisco Systems Inc. (NASDAQ:CSCO).
According to a Securities and Exchange Commission filing, Chadwick's shares are eligible to vest in tranches over the next three years. They are subject to his "continued service to McAfee until each vesting date."
Filed under: online by Wolf